We’re absolutely elated to announce the release of the Harvard Business Review article that shines a spotlight on Trust Your Supplier (TYS) as the ultimate game-changer in supplier onboarding. It is with great excitement and pride that we share this incredible recognition with our TYS community and partners.
Supplier onboarding – a necessary but often time-consuming process. It’s not uncommon for this vital step to take weeks or even months due to manual processes and documentation checks. But what if we told you there’s a game-changing disruptor on the horizon? Trust Your Supplier (TYS), as featured in the Harvard Business Review, is here to revolutionize supplier onboarding. TYS has harnessed the power of blockchain technology to create a worldwide network of buyers and suppliers, setting a new standard for supplier onboarding.
So, what sets TYS apart?
- Automation: TYS automates the cumbersome manual processes involved in vetting supplier data. Say goodbye to the days of lengthy onboarding.
- A Global Network: With over 100,000 fully vetted suppliers and partnerships with major players like BT Sourced, Lenovo, Nokia, Pearson, and Thermo Fisher, TYS has created a truly global network.
- Efficiency & Cost Savings: Purchasers using TYS have reported cost savings of nearly $500 per supplier. For enterprises with extensive supplier networks, this translates into eight-figure savings.
- Supplier Benefits: Suppliers experience an average onboarding time of less than a week, a 67% reduction. Plus, they can seamlessly work with multiple customers without the hassles of data duplication.
We believe that a paradigm shift is underway in supply chain management and procurement. Organizations are increasingly adopting platform solutions like TYS to address systemic supply chain issues efficiently and collaboratively. TYS is leading the charge, revolutionizing supplier onboarding, and setting a new standard for the industry.
Join us on this exciting journey toward a more efficient, collaborative, and cost-effective future. Learn more about how TYS is changing the game in supplier onboarding in our full article.
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